Australia's DTI at record low, says FY19 in line with previous year

DTI

28/06/2019 05:48

** Shares of DTI Group Ltd  DTI.AX  fall as much as 3.3% to
a record low of A$0.029
    ** The fleet management solutions provider expects https://www.asx.com.au/asxpdf/20190628/pdf/4466dtmfy6l9nf.pdf
 FY19 revenue and NPAT to be in line with FY18, excluding
impairment charges
    ** Performance in H1 2019 had improved, but the trend did
not continue in H2
    ** Co had posted FY18 revenue of A$19.1 mln ($13.39 mln) and
EBITDA loss of about A$10.1 mln
    ** More than 191,000 shares change hands, compared with the
30-day average volume of ~77,000 shares
    ** Stock is set for worst quarterly performance since
listing, shedding ~47% across the June-quarter
    ** Stock down 25% this year, as of last close


($1 = 1.4267 Australian dollars)

 ((Reuters Messaging:
rashmi.ashok.thomsonreuters.com@reuters.net))